PHONEID

security

If you would like to secure your business, first secure your customers!

PHONEID is a patent pending multichannel authentication method, which provides the highest level of assurance and mass accessibility. Unlike current login methods, it offers automatic customer identification, two or three factors authentication, and is available for all mobile phones. You can use PHONEID to authenticate your customer on web pages, in mobile apps, call centers or at physical contact points. With minimum investments, based on small monthly fee per active users.

Elevator Pitch: In 2015 40% internet accounts were hacked. The average internet user has over 90 accounts but only 3 passwords. This is a major security problem for users and businesses alike. European Union tries to solve this problem by eIDAS directive. If you are a bank, you should offer your customers two factors out of three authentication methods – something you know, something you have, or your biometric characteristic.
PHONEID is a patent pending multichannel authentication method, which provides the highest level of assurance and mass accessibility. Unlike current login methods, it offers automatic customer identification, two or three factors authentication, and is available for all mobile phones. You can use PHONEID to authenticate your customer on web pages, in mobile apps, call centers or at physical contact points. With minimum investments, based on small monthly fee per active users.

Problem: On average each internet user has 92 accounts. As result of this fact people frequently forgot their passwords, which is costly for businesses and generates up to 30% of total Customer Service costs. To help themselves, people are using very simple passwords like 1234 what opens a big security issue. Hacking happens on 2 of 5 accounts, what is a huge cost for the company and for the user. European Union tries to solve this problem by eIDAS directive. If you are a bank, from 1st of July you should offer your customers a two factor authentication method – something you know, something you have, or your biometric characteristic.

Solution: PHONEID is a simple and secure method of user authentication based on his phone number. As MVNO company, based on GSM network security, we identify user by his mobile number (1st factor authentication) and his PIN or biometry (2nd factor). PHONEID can be available for any mobile phone user, no data plan required, but can be also implemented as a smartphone app and support biometry, QR code and NFC.

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